UpFront Mortgage Professionals

Bond Report and UMP

The Upfront Mortgage Professional website is now launched Nationwide. Perfect timing as rates hit their lowest in 2014. Find the most honest and transparent mortgage loan officers and processes with the UMP 10 POINT GUARANTEE.

NEW YORK (MarketWatch) — Long-term U.S. Treasury yields fell again this week after data showed the pace of new-home sales in July fell to a four-month low, and now have hit a new low for the year pushing mortgage rates down.

Yields move inversely to prices, falling as prices rise. The U.S. 10-year Treasury note yield (10_YEAR) fell more than 1 basis point to 2.33% Friday.

U.S. Fed Chairwoman Janet Yellen said Friday that the Fed’s focus is “naturally shifting” to a debate over when to hike interest rates, as the U.S. economic recovery is nearing the Fed’s objectives. Short-term note yields are more sensitive to rate-hike speculation than longer-term bond yields.